Quick Read

• COIN and CRCL fell 6% and 16% over the week, dwarfing Bitcoin’s 3% drop because their growth roadmaps depend directly on CLARITY passing.

• Congress recesses October 5, so a second failed cloture vote almost certainly delays crypto market-structure reform until 2027.

• Circle absorbed a double blow as CLARITY’s failure undercut its same-day Arc mainnet launch alongside BlackRock, BNY, and Standard Chartered.

• Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor)

The CLARITY Act‘s Senate cloture vote failed 49 to 50, well short of the 60 needed to end debate, and the two cleanest equity proxies for U.S. crypto market-structure legislation…